Nigeria invites Algeria to participate in oil and gas privatisation

Jul 18, 2004 02:00 AM

Nigeria has invited Algeria to participate in the ongoing privatisation of the downstream oil and gas industry in the
country as well as the next upstream acreage bidding slated for the first quarter of 2005.
The invitation to Algeria came at the end of two-day deliberations between Nigeria and Algeria in Abuja where it was
also agreed that to continue the exchange of information on the oil and gas value chain and the international markets
to maximise the value of their hydrocarbon resources.

In a joint communique‚ signed for Nigeria by the Special Adviser to President on Petroleum, Dr Edmund Daukoru
and Algerian Minister Dr Chakib Khelil, the duo reaffirmed their commitment to the Trans-Saharan Gas Pipeline, (TSGP)
and the Trans Saharan Highway and the fibre optic cable.
They reiterated their support for the implementation of the Integrated Trans Saharan projects. The Sponsors
Management Committee (SMC) of the TSGP also approved the work programme of the Preliminary Study Team (PST) while the
Nigerian delegation was informed that the process of ratifying the AFREC treaty would soon be completed.

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!